For-Profit Colleges May Sell Campuses to India Enterprise

FOR-PROFIT COLLEGE MAY SELL CAMPUSES TO COMPANY IN INDIA: The latest downsizing move by one of the nation’s largest for-profit college chains — the cash-strapped Education Management Corporation — may be selling off campuses to a company in India. But don’t call it outsourcing — the college insists the foreign company will breathe new life into doomed Art Institutes campuses in Massachusetts and New York City that are slated to close.

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